Dorian LPG Ltd. (NYSE:LPG) Short Interest Update

Dorian LPG Ltd. (NYSE:LPG) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,420,000 shares, an increase of 35.2% from the September 30th total of 1,050,000 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 537,800 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 537,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.9% of the company’s shares are sold short.

Dorian LPG Stock Down 1.6%

NYSE LPG traded down $0.47 during trading on Tuesday, reaching $29.05. 411,959 shares of the company’s stock traded hands, compared to its average volume of 674,361. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 25.26 and a beta of 0.76. The company’s 50 day simple moving average is $29.71 and its two-hundred day simple moving average is $26.96. Dorian LPG has a 12-month low of $16.66 and a 12-month high of $32.79.

Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.34). The business had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The company’s revenue for the quarter was down 26.3% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. As a group, sell-side analysts forecast that Dorian LPG will post 2.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on LPG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Zacks Research lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Insider Buying and Selling

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total value of $161,900.00. Following the transaction, the chief operating officer owned 89,440 shares in the company, valued at approximately $2,896,067.20. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LPG. The Manufacturers Life Insurance Company lifted its stake in Dorian LPG by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares during the period. IFP Advisors Inc lifted its stake in Dorian LPG by 4.2% during the 1st quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company’s stock valued at $266,000 after acquiring an additional 477 shares during the period. Moors & Cabot Inc. lifted its stake in Dorian LPG by 3.1% during the 1st quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company’s stock valued at $364,000 after acquiring an additional 495 shares during the period. Arizona State Retirement System lifted its stake in Dorian LPG by 4.8% during the 1st quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company’s stock valued at $261,000 after acquiring an additional 532 shares during the period. Finally, Inspire Investing LLC lifted its stake in Dorian LPG by 3.1% during the 1st quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 547 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.